The government has announced new regulations that mean six water companies will be banned from paying bonuses to senior bosses. Environment Secretary Steve Reed also spoke about criminal investigations into water companies and private investment into sewage treatment.
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00:00Well, over the last 10 years, the water company executives have paid themselves over £100 million in bonuses
00:06despite overseeing record levels of sewage pollution in our rivers, lakes and seas.
00:12The era of profiting from pollution ends with this government.
00:17So today, bonuses have been banned for six of the nine water companies.
00:22That's what we said we would do before the general election.
00:25Promise made, promise delivered.
00:27Banning water bosses' bonuses is only one step towards resetting this sector.
00:32We're cracking down with much tougher enforcement.
00:34So there are 81 criminal investigations that we've launched into the water companies.
00:39We've secured over £104 billion of private sector investment to fix the broken sewage pipes
00:45and stop the sewage flowing into our waterways.
00:48But we're also modernising the system with new rules, giving the regulator the real teeth they need
00:53so that the abuses of the past cannot continue into the future.
00:57That is how we clean up our rivers, lakes and seas for good.
01:00That is how we clean up our rivers.
01:01That is how we clean up our rivers.
01:01That is how we clean up our rivers.
01:01That is how we clean up our rivers.
01:02That is how we clean up our rivers.
01:03That is how we clean up our rivers.
01:04That is how we clean up our rivers.
01:05That is how we clean up our rivers.
01:06That is how we clean up our rivers.
01:07That is how we clean up our rivers.
01:08That is how we clean up our rivers.
01:09That is how we clean up our rivers.
01:10That is how we clean up our rivers.
01:11That is how we clean up our rivers.
01:12That is how we clean up our rivers.
01:13That is how we clean up our rivers.
01:14That is how we clean up our rivers.
01:15That is how we clean up our rivers.
01:16That is how we clean up our rivers.
01:17That is how we clean up our rivers.